Riverstone Resources has announced the assay results from the additional seven holes drilled at the Kao zone, which is located in the company's Karma Gold project in West Africa.
Kao Main Zone - 2011 Drill Program
This drill program comes under a current 90,000 m program at the Karma project, which has been planned to validate the reverse circulation (RC) drilling results, and has authenticated the mineralization continuity. It has expanded the mineralization along the strike and to depth.
The company has outlined the mineralization at the Kao zone over a distance of more than 800 m to the north-south and 800 m towards down-dip to the eastern part. The deposit stays open to the north-east and down-dip. Numerous satellite zones are yet to be drill tested.
Riverside has intersected 5.80 g/t gold over 4 m and 1.52 g/t gold over 20 m in hole DD-028, 1.70 g/t gold over 10 m and 1.06 g/t gold over 38 m in hole DD-030, 1.37 g/t gold over 18 m in hole DD-033 and 2.44 g/t gold over 14 m in hole DD-034.
M.D. McInnis, Riverstone’s CEO, stated that the company is delighted that the diamond drill program at the KOA mineralization is uniform along the down dip and strike. It authenticated and advanced the RC results. This drilling campaign is part of the upcoming plan of completing a 2012 Preliminary Economic Study.
This deposit is part of the Karma project, which includes a NI 43-101 compliant gold resource estimate. Riverside has drilled a further +40,000 m at the Karma project and it is anticipating that the drilling results will be added to the overall resource.